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Geppy's Geppy Thread (GBP/JPY)

  • #10,061
  • Dec 26, 2013 7:48pm Dec 26, 2013 7:48pm
Quoting rattyo
FX RAT REPORTING FOR DUTY Just gone long 17212
  • #10,062
  • Dec 27, 2013 6:33am Dec 27, 2013 6:33am
Safe to say that everybody made some pips !!!
  • #10,063
  • Dec 27, 2013 6:44am Dec 27, 2013 6:44am
Fibo on most JPY pairs is pretty strong, but I'm continually amazed at how obedient the this pair is to that magical formula. Whether it's the psychological map of traders' minds or that more of the traders on this pair use Fibo, I'm not sure - but wow. Anyhow, I don't post much, but I thought this was worth the share:

Attached Image
  • #10,064
  • Dec 27, 2013 1:41pm Dec 27, 2013 1:41pm
thanks for that chart......nice of ya!
  • #10,065
  • Dec 27, 2013 3:44pm Dec 27, 2013 3:44pm
Quoting IveGotQuads
Safe to say that everybody made some pips !!!
Please check out my blog at https://from-zero-to-hero . net
  • #10,066
  • Dec 27, 2013 4:44pm Dec 27, 2013 4:44pm
Quoting Chest2Tank
Fibo on most JPY pairs is pretty strong, but I'm continually amazed at how obedient the this pair is to that magical formula. Whether it's the psychological map of traders' minds or that more of the traders on this pair use Fibo, I'm not sure - but wow. Anyhow, I don't post much, but I thought this was worth the share: {image}
Thanks for your chart. I just read your post, lol.
Please check out my blog at https://from-zero-to-hero . net
  • #10,067
  • Dec 27, 2013 4:51pm Dec 27, 2013 4:51pm
Quoting Chest2Tank
Fibo on most JPY pairs is pretty strong, but I'm continually amazed at how obedient the this pair is to that magical formula. Whether it's the psychological map of traders' minds or that more of the traders on this pair use Fibo, I'm not sure - but wow. Anyhow, I don't post much, but I thought this was worth the share: {image}
Is it because of the proximity of G/J to the S&P 500? It is often said that GBP/JPY has a leading correlation to the index, and can be used as a good method of forecasting. Did you know of this correlation? And would it still surprise you then if you had known of the forecasting capabilities of this pair?
Please check out my blog at https://from-zero-to-hero . net
  • #10,068
  • Dec 28, 2013 10:16pm Dec 28, 2013 10:16pm
Quoting smash1820
{quote} Is it because of the proximity of G/J to the S&P 500? It is often said that GBP/JPY has a leading correlation to the index, and can be used as a good method of forecasting. Did you know of this correlation? And would it still surprise you then if you had known of the forecasting capabilities of this pair?
Yep, it used to be "risk on" or "risk off"....now it's spreads
  • #10,069
  • Dec 29, 2013 5:32pm Dec 29, 2013 5:32pm
Gap up... and fade?

Hmmmmmm......

Somehow I doubt it.
Please check out my blog at https://from-zero-to-hero . net
  • #10,070
  • Dec 29, 2013 10:14pm Dec 29, 2013 10:14pm
No indication of ceiling at this moment, my projection is 180 and more.
Face both Win and Lose bravely
  • #10,071
  • Dec 29, 2013 10:34pm Dec 29, 2013 10:34pm
Quoting Cowboy11
No indication of ceiling at this moment, my projection is 180 and more.
crystal ball projection?
  • #10,072
  • Dec 29, 2013 10:53pm Dec 29, 2013 10:53pm
Depending on your trading timeframe, The only way is up in the long term in my opinion.

Attached Image (click to enlarge)
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This is my daily chart. Price is still well above the blue ALF line, and CCI is still high. Price has room to come down - maybe 171, but the future still looks upwards.

Attached Image (click to enlarge)
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The monthly chart shows an even more positive upward picture. CCI pointing up, and the chart just "looks" like it wants to keep going up. (I know it's not very scientific saying it "looks" like it wants to go up, but I find a very interesting way of looking at charts is to draw in the next candle, and see how the chart "looks". Works for me!

I don't trade long term charts, rather 5M is my preference, but I always trade with the long term trend, and at the moment that means only buying, never going short.
Holy Grail part 1. - Cut loses short.
  • #10,073
  • Dec 29, 2013 11:15pm Dec 29, 2013 11:15pm
I trade long term, so that I dont need to force myself to close a trade and able to sleep well.
M5 is tense. Good that you are able to handle.
Face both Win and Lose bravely
  • #10,074
  • Dec 30, 2013 2:41am Dec 30, 2013 2:41am
Im getting this eerie feeling this was supposed to be a stop run to the downside
Attached Image (click to enlarge)
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  • #10,075
  • Dec 30, 2013 2:43am Dec 30, 2013 2:43am
WOW.
What is the next stop with all these highs?
  • #10,076
  • Dec 30, 2013 2:51am Dec 30, 2013 2:51am
Those wicks on the peaks tend to point to a fall. "Wicks in direction of loss"

Attached Image (click to enlarge)
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I'm expecting a fall over the next hour to maybe 172.4 area.
Holy Grail part 1. - Cut loses short.
  • #10,077
  • Dec 30, 2013 3:03am Dec 30, 2013 3:03am
Quoting mystic
Those wicks on the peaks tend to point to a fall. "Wicks in direction of loss" {image} I'm expecting a fall over the next hour to maybe 172.4 area.
Hahahaha not only you bro, thanks to the "bankers" who needed us to believe it was going high so they could sell their orders to everybody. FACK, can you see that wick that dragged all the buy orders ? so sick
Attached Image (click to enlarge)
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  • #10,078
  • Dec 30, 2013 3:10am Dec 30, 2013 3:10am
This temporary manipulation seems to have found a floor at 173.61 ...its almost hit my stop by 2 pips twice. what a way to start the week, no thanks to frankfurt
  • #10,079
  • Dec 30, 2013 4:41am Dec 30, 2013 4:41am
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym5.png Size: 86 KB


When I see the CCI (14) indicator (bottom window) at a level over 200, it always is a good time to enter a trade in the opposite direction.

It is highly probable that we have hit a temporary bottom and price will now go up.

Just an observation I note.
Holy Grail part 1. - Cut loses short.
  • #10,080
  • Dec 30, 2013 5:40am Dec 30, 2013 5:40am
Quoting mystic
{image} When I see the CCI (14) indicator (bottom window) at a level over 200, it always is a good time to enter a trade in the opposite direction. It is highly probable that we have hit a temporary bottom and price will now go up. Just an observation I note.

Looks good.I would like to see a pullback a little further down.Like 172.26. But its possible it moves up from here.
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